iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) Reaches New 1-Year High – What’s Next?

iShares MSCI Global Min Vol Factor ETF (BATS:ACWV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $126.02 and last traded at $125.73, with a volume of 3625 shares traded. The stock had previously closed at $125.56.

iShares MSCI Global Min Vol Factor ETF Stock Performance

The stock’s 50 day moving average price is $121.67 and its 200 day moving average price is $121.39. The company has a market capitalization of $3.54 billion, a P/E ratio of 18.66 and a beta of 0.57.

Hedge Funds Weigh In On iShares MSCI Global Min Vol Factor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bulwark Capital Corp grew its holdings in iShares MSCI Global Min Vol Factor ETF by 47.8% during the 2nd quarter. Bulwark Capital Corp now owns 7,182 shares of the company’s stock worth $863,000 after acquiring an additional 2,324 shares during the period. Rathbones Group PLC boosted its position in shares of iShares MSCI Global Min Vol Factor ETF by 11.0% during the 1st quarter. Rathbones Group PLC now owns 3,528 shares of the company’s stock valued at $422,000 after purchasing an additional 351 shares in the last quarter. John A. Wolfe & Associates Inc. bought a new stake in shares of iShares MSCI Global Min Vol Factor ETF during the 4th quarter valued at about $6,600,000. Koenig Investment Advisory LLC acquired a new stake in iShares MSCI Global Min Vol Factor ETF during the fourth quarter worth approximately $223,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in iShares MSCI Global Min Vol Factor ETF during the fourth quarter worth approximately $328,000.

About iShares MSCI Global Min Vol Factor ETF

The iShares MSCI Global Min Vol Factor ETF (ACWV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap global stocks selected and weighted to create a low volatility portfolio. ACWV was launched on Oct 18, 2011 and is managed by BlackRock.